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Chinese banks’ annual credit loses to average $353b in next two years
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Nonperforming assets and bad debt are expected to rise. Chinese banks ‘ nonperforming assets (NPA) ratio may rise to 6.3% through 2027 as trade disputes weigh on the economy. The US trade policy may result in more bad debt from small companies and unsecured lending, said S&P Global Ratings credit analyst Ming Tan. Tan…
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APAC Banks Lead EU in Digital Adoption, But Branches Still Matter
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Malaysia and the Philippines expanded their branch networks between 2019 and 2023. Banks in the Asia Pacific region outpace their European peers by a median of 4.5% in digital adoption , although physical branches are not going anywhere for some markets. Digital channels now account for 60% of basic financial product activities across the…
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U.S. Embassy in Lebanon hosts Lebanese delegation To SelectUSA 2025 Summit
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Ambassador Lisa Johnson held Wednesday a reception at her residence to honor the Lebanese delegation to the SelectUSA 2025 Investment Summit to be held in Maryland, May 11-14. The SelectUSA Investment Summit is the largest annual event to promote Foreign Direct Investment (FDI) in the United States by bringing together international investors, U.S. state…
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Barclays Integrates Ant International’s Model into Global FX Hedging Platform
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Ant Interntional has completed the first batch of intra-group FX transactions with Barclays. Ant International has joined forces with a UK bank Barclays to enhance financial operations for companies. Barclays will integrate Ant’s Time-Series Transformer (TST) AI FX model to its FX hedging platform, BARX NetFX, which serves the e-commerce and payment industries. Their…
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Elevate Your Small Business: Next-Level Strategies
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By Priscilla Araba COURNOOH Small and medium-sized enterprises (SMEs) play a crucial role in Ghana’s economy, accounting for 92% of all business entities and providing 70% of the nation’s gross domestic product (GDP). Even though they play a vital part, numerous small and medium-sized enterprises encounter substantial obstacles such as restricted financial resources, insufficient…
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TTU Leads the Charge in Energy Transition for Oil and Gas Sector – International Edition (English)
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By Juliet Aguiar DUGBARTEY The Department of Oil and Natural Gas Engineering at Takoradi Technical University (TTU), together with the SPE TTU Chapter, has hosted a forum focused on energy transition within the oil and gas sector. The event’s theme was ‘Seizing opportunities with technology for eco-friendly practices’ This event served as an essential…
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MTN Sees Robust Growth and Profitability in Q1 2025 Amid Macroeconomic Challenges
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MTN Ghana (Scancom PLC), the nation’s premier telecom service provider, has reported notable financial and operational outcomes for the three-month period ending March 31, 2025. These achievements highlight their robustness despite a difficult economic climate characterized by high inflation rates and depreciation of the local currency. Even with an average inflation rate of 23.0%…
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Stay Interviews: The Key to Retaining Employees Before They Leave for Good
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By Felicia Nana Ama Kyei Imagine this scenario: You’ve just gotten a resignation letter from an employee who is among your highest performers. It comes as a surprise, but when you reflect, you notice minor indications—subtle changes in involvement and a slight dip in enthusiasm that could easily have been overlooked. You can’t help…
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Ajman Free Zone Drives Vietnam-UAE Business Opportunities
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InnoLab Asia will collaborate with the Ajman Free Zone Authority (AFZ) to present the “Vietnam-UAE Business Bridge” event to strengthen economic and investment ties between the two countries. The special event scheduled for May 6 in Ho Chi Minh City caters specifically to entrepreneurs, investors, and economic specialists, particularly focusing on Vietnamese enterprises aiming…
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The First Decade of The Conversation Africa: How Generosity Fueled Its Rise in New Media [Analysis]
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Starting from scratch is daunting. And exhilarating. Your heart pounds, you can taste adrenaline, the sense of urgency and anticipation makes you high. I can recall each of these sensations 10 years after the thrilling moment when The Conversation Africa went live, and our first newsletter was sent out. Thanks to some nifty software,…